How many Golden Krust Caribbean Restaurant outlets were open in Massachusetts at the end of 2023?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Reacquired From Franchisee | |||||||
| CT | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| MA | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 1 | 0 | 0 | |
| NY | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 1 | 0 | 2 |
Source: Item 20 — LIST OF OUTLETS AND FRANCHISE INFORMATION (FDD pages 32–35)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, there were no Golden Krust Caribbean Restaurant outlets open in Massachusetts at the end of 2023. The provided table, which summarizes the status of company-owned outlets for fiscal years ending 2021, 2022, and 2023, indicates that while there was one outlet open in Massachusetts at the start of 2021 and 2022, it closed in 2023.
Specifically, the table shows that in 2021, there was 1 outlet at the start of the year, no outlets opened, and 1 outlet at the end of the year. The same figures are reported for 2022. However, in 2023, there was 1 outlet at the start of the year, no outlets opened, and 1 outlet closed, resulting in zero outlets at the end of the year.
This information is valuable for prospective franchisees as it provides a clear picture of the brand's presence and changes in Massachusetts over the three-year period. The closure of the outlet in 2023 could be a point of discussion with the franchisor to understand the reasons behind it and the potential for future growth in the state.